Gold glitters as jewellers call off strike

Mumbai-India (Apr 27) Gold regained its sheen to trade higher by Rs 215 to Rs 29,790 per ten grams as the bullion market in the national capital reopened after two days of strike, while silver rallied by Rs 775 to Rs 40,975 per kg largely in tune with a firming global trend.

Moreover, ongoing wedding season demand supported the uptrend in the precious metal prices.

The market, which opened after two days of jewellers' strike against 1% excise duty on non-silver jewellery witnessed rising demand from retailers and stockists for the ongoing wedding season amid firm global cues.